The latest housing market prediction is good news for buyers
The latest housing market prediction is good news for buyers
6 May 2022
Westpac has increased its forecast of house price falls...saying it expects a 15 per cent drop over the next two years.
Acting chief economist Michael Gordon says mortgage rates are already higher than expected, and Official Cash Rate is expected to continue rising.
He says the conditions are already in place for lower house prices.
© 2024 Newstalk ZB, NZCity